REAL ESTATE NEWS - Commercial Real Estate

Stay informed about the commercial real estate market, with a focus on office spaces, retail locations, industrial properties, and large-scale developments.

Morgan Hill HQ Expansion: PTEC Solutions Acquires Office Building
PTEC Solutions' HQ relocation from Fremont to Morgan Hill is aided by lower minimum wage costs after purchasing an $18.7M office complex.
Morgan Hill office building expansion with PTEC Solutions acquisition signage visible.
Blackstone Lends $197M to Lincoln Property for Silicon Beach Office Space
Lincoln Property Co. secures $197M loan for The Bluffs at Playa Vista acquisition.
Blackstone lends $197 million to Lincoln Property in Silicon Beach office development.
Simpson Property Secures $260M Refinance for Multifamily Portfolio
Simpson Property Group secures $260M loan to refinance 6 Austin-area apartments.
Simpson Property refinance deal: $260M secured for multifamily portfolio nationwide.
Denver-based investor acquires suburban multifamily property for $31 million
Highlands Vista Group enters Chicagoland market with $31.1M acquisition of 198-unit Luna Park Apartments in Gurnee.
Denver investor purchases suburban multifamily property in Colorado for $31 million.
Kaufman Group sells Manhattan skyscraper to Idan Ofer's company
Israeli Billionaire Idan Ofer Acquires 767 Third Avenue in Midtown East for $88 Million.
Manhattan skyscraper sold to Idan Ofer's company by Kaufman Group investors.
South Florida Retail Market Sees Boost from Grocery-Anchored Shopping Centers
South Florida's retail market sees surge in grocery-anchored center deals due to low vacancies and high rents.
South Florida retail market sees growth with grocery-anchored shopping centers thriving.
Brentwood Mansion Developer Seeks $16 Million in Default Judgment
Hankey Capital claims default on Brentwood Spanish Revival mansion, potential auction set for early January.
Brentwood mansion developer seeks default judgment for $16 million in Los Angeles County court.
Court declines to halt eXp Realty lawsuit due to company's questionable actions
Judge rules discovery can proceed on whether eXp-Weichert deals were a "reverse auction".
eXp Realty executives face scrutiny as court denies lawsuit stay request.
Chicago's 601W, CommerzReal secure major office lease renewals in rare expansion deals
Two Chicago companies defy trend, expanding downtown offices despite industry pullback.
Chicago's 601W building secures major office lease renewals with CommerzReal.
North Fort Worth to Get 900,000 SF Industrial Hub with New Commerce Center
Groundbreaking marks new project on 57-acre site amidst dwindling DFW industrial development pipeline.
New industrial hub under construction in North Fort Worth, Texas, with commerce center.
NYC Office Buildings Return to Pre-Pandemic Occupancy Levels
Employer pressure drives many back to work, not just a desire for camaraderie.
New York City office buildings reach pre-pandemic occupancy levels after COVID-19 decline.
Investors Leverage REITs for Diversified Real Estate Portfolios
Some large investors use public REITs for access to niche property types.
Business professionals leveraging real estate investment trusts (REITs) for diversified portfolios globally.
South Dallas' Industrial Future: Key Developments on the Horizon
South Dallas industrial market matures faster than anticipated: Ben Wallace, Colliers.
South Dallas industrial developments, new projects emerge along major highways.
Nicole Kidman's 'Babygirl' Set Home Listed at Discounted Price
The 200 Amsterdam penthouse, seen on "Succession," now lists for less than its previous $38 million ask.
Nicole Kidman's former LA home listed for sale at discounted price.
Southern California Rent Increases Projected by USC Economists
Southern California apartment rents may surge by $110-$148/month due to lagging multifamily construction.
USC economists project significant rent increases in Southern California region.
Landlords Now Responsible for Broker Fees Amid Controversy Over New Legislation
New York City Council Passes Bill to Shift Broker Fees from Renters to Landlords
Landlords facing new financial burden with responsibility for broker fees nationwide.
Michael Kors slashes Plaza District rent in half
Michael Kors Doubles Footprint at 667 Madison Avenue with Space Expansion Deal.
Michael Kors reduces Plaza District storefront rent by 50% in Oklahoma City.
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